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Updated about 2 years ago on .

User Stats

10
Posts
3
Votes
Thomas Rogge
  • Dubai
3
Votes |
10
Posts

$122.3M Project - Mixed use real estate development - Beacon, NY

Thomas Rogge
  • Dubai
Posted

Investment Info:

Other other investment.

Purchase price: $122,300,000

Contributors:
Vincent Ribes

Mixed use real estate development in Beacon, NY.

Phase 1: 3 buildings
Phase 2: 8 buildings

-Investment Terms-
Type: Secured loan and preferred equity in the GP
Size: $10,000,000
Interest: 8% p.a. Accrued
Profit Split: 25% of GP net profits after return of capital and interest.
Forecasted IRR : 32.5% annualized.
Forecasted equity multiple: 2.77x
Exit: Q4 2026
Collateral: 1st mortgage*
Use of funds: acquisition of land and certain pre-development expenses.